SPE LUNCHEON MEETING FEBRUARY 2024

DONALD MUTH, SR.
presents
U.S. LNG Exports Support and Determine Natural Gas Prices

 11:30 AM Tuesday, February 13, 2024
at The Potpourri House
3320 Troup Highway Ste. 300
Tyler, TX 75701

Cost: $20

Abstract

LNG exports are the “bright spot” keeping natural gas prices from falling below $2.00 per million Btu in basins having takeaway capacity. The U.S. is now the world’s LNG export leader with a robust 4th quarter finish even with the EU having 95% gas storage fill prior to 2023 winter’s start.

Globalization is all but over. Western Europe has opted for U.S. LNG and other stable sources for natural gas. A vast LNG infrastructure is under construction in Europe to replace Russian pipeline natural gas. U.S. LNG does have temporary over-capacity deliverability and faces an anti-fossil fuel Biden administration. We’re in an election year with most of the U.S. economy likely taking a “wait and see” view before spending capital. Any interest rate reduction by the Federal Reserve to stimulate the economy with lower capital / borrowing costs may increase electric power demand. Seasonal heating and cooling demand still remain as key natural gas price drivers. The future is in natural gas as a clean green fuel. However, a change in energy policy is needed to keep affordable energy.

Biography

Donald P. Muth, Sr. is an active independent AAPG Certified petroleum geologist and consultant. He has over 40 years of diverse industry experience in petroleum exploration, development, exploitation, expert witness, reserve evaluation and other. Don is a 1979 geology graduate from Auburn University and 1989 MBA grad from University of New Orleans. East Texas natural gas is his current interest. He enjoys learning and writing.